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Global markets continued their ascent on Tuesday, buoyed by optimism from investors betting on the continued economic recovery without disruption, despite the spread of the Omicron variant. Wall Street was preparing to open higher. In Europe, the markets continued in the green.
Stock market indices at 7:40 a.m.
In the United States, futures contracts Dow Jones gained 90.00 points (+ 0.25%) to 36,545.00 points. Futures contracts S&P 500 increased by 10.75 points (+ 0.22%) to 4,796.75 points. Futures contracts Nasdaq collected 13.00 points (+ 0.08%) to 16,498.50 points.
In Europe, the results were positive. In London, the FTSE 100 posted an increase of 104.51 points (+ 1.42%) to 7,489.05 points. In Paris, the CAC 40 rose 96.86 points (+ 1.34%) to 7,314.08 points. In Frankfurt, the DAX was up 119.24 points (+ 0.74%) to 16,139.97 points.
In Asia, the Nikkei of Tokyo rose 510.08 points (+ 1.77%) to 29,301.79 points. For its part, the Hang Seng of Hong Kong took 15.09 points (+ 0.06%) to 23,289.84 points.
On the oil side, the price of a barrel WTI American rose US $ 0.03 (+ 0.04%) to US $ 76.11. Barrel of Brent from the North Sea raised US $ 0.05 (+ 0.06%) to US $ 79.03.
The context
“The main reason for the return of investor confidence is the Omicron variant,” said Jeffrey Halley, analyst at Oanda.
As at the end of 2021, investors are mainly monitoring the evolution of the health situation in the world and contaminations.
“The studies are rather encouraging that the Omicron variant causes fewer severe forms than the Delta variant. In addition, vaccines are always effective, “commented analysts at Saxo Bank, estimating that a” sudden end to savings “is” unlikely “.
Investors are therefore counting on moderate disruptions for a limited period. Their optimism allows several world indices, in particular the Parisian CAC 40, the Dow Jones and the S&P 500 on Wall Street, to evolve at historic levels.
In addition to the evolution of the health situation, investors take note Tuesday of some economic indicators.
In China, manufacturing activity picked up once more in December, a sign of improvement in the health of the sector despite confidence eroded by uncertainties linked to the pandemic, according to an independent index.
“This rebound bears witness in particular to the resistance of the Chinese economy to Beijing’s interventionist policy and to the setbacks d’EvergrandeCommented Franklin Pichard, Managing Director of Kiplink Finance.
The action of the Chinese real estate giant Evergrande took colors Tuesday for its return to the Hong Kong Stock Exchange following a day of suspension for an unspecified reason.
The title of the group strangled by an abysmal debt of around 260 billion euros gained more than 10% at the start of the session then ran out of steam, ending with a gain of 1.26%.
The aviation sector was taking off on European markets, at a time when fears related to the impact of the Omicron variant receded.
The movement was particularly visible in London: IAG, parent company of British Airways and Iberia, jumped 11.99% to 159.56 pence and the airline EasyJet by 11.80% to 621.62 pence, around 7:00 a.m. Quebec time.
In Paris, Air France-KLM gained 7.32% to 4.36 euros and ADP 2.38% to 120.65 euros, while in Frankfurt, Lufthansa took 4.10% to 7.00 euros.
Bank stocks were upbeat, following the rise in US lending rates the day before. The benchmark ten-year US government bond rate notably jumped 12 basis points (0.12 percentage points) to 1.63%, for the first time since Omicron’s identification .
In Paris, Societe Generale took 3.99% to 31.67 euros, rising to the top of the CAC 40. BNP Paribas gained 2.78% to 62.90 euros and Crédit Agricole 2.25% to 13.02 euros.
In Frankfurt, Deutsche Bank (+ 1.89% at 11.56 euros) and Commerzbank (+ 2.65% to 7.18 euros) also benefited from the movement, just like Lloyds Banking Group (+ 3.85% to 49.64 pence) and Barclays (+ 3.64% to 193.80 pence) in London.
Oil prices rose slightly ahead of a meeting of the Organization of the Petroleum Exporting Countries and Their Allies (OPEC +) which must decide whether or not to maintain its program of gradual easing of its production limits.
The euro retreated slightly (-0.12%) once morest the US dollar, to US $ 1.128 3.
the bitcoin rose 1.61% to US $ 46,735.
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